Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan. The company undertakes electrical and telecommunication, civil engineering and construction, piping, air-conditioning and water supply/drainage facility, and disaster prevention/security equipment works; manufactures and sells electricity meters; and inspects, tests, and installs electric meters, machinery, and equipment. It also engages in the management of buildings, civil engineering and construction, and environmental conservation businesses; sale of fuel, equipment, and materials; public bathhouse, cleaning/security service, and utility pole advertising businesses; provision of cons…

Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan. The company undertakes electrical and telecommunication, civil engineering and construction, piping, air-conditioning and water supply/drainage facility, and disaster prevention/security equipment works; manufactures and sells electricity meters; and inspects, tests, and installs electric meters, machinery, and equipment. It also engages in the management of buildings, civil engineering and construction, and environmental conservation businesses; sale of fuel, equipment, and materials; public bathhouse, cleaning/security service, and utility pole advertising businesses; provision of consulting services in the areas of construction, civil engineering, electricity, environment, and energy; sale of electric power generated by thermal, hydroelectric, photovoltaic, and wind sources; unloading, storage, and delivery of imported coal; and marine transport agency and customs clearance activities. In addition, the company designs, investigates, and maintains power distribution equipment; provides Ethernet communications network and Internet connection services; engages in the installation, maintenance, supervision, and consulting of information communication networks; and sells network-related machinery and equipment, information processing equipment, and software. Further, it is involved in the consultation, development, operation, management, and education related to information processing systems; provision of Internet data center and other information processing-related services; and sale of corporate merchandise, gift products, sundries, food, etc. Additionally, the company engages in the design, print, and bookbinding operations; production of closed captions; and provision of document management, confidential-document destruction, and recycling services. Hokkaido Electric Power Company, Incorporated was founded in 1951 and is headquartered in Sapporo, Japan.

Hokkaido Electric Power Co. Inc. announced consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported operating revenue of JPY 733,050 million against JPY 702,776 million a year ago. Operating profit was JPY 33,726 million against JPY 27,443 million a year ago. Ordinary profit was JPY 19,421 million against JPY 12,603 million a year ago. Profit attributable to owners of parent was JPY 16,549 million against JPY 8,793 million a year ago. Basic earnings per share were JPY 71.84 against JPY 34.09 a year ago. Net rate of return on shareholders’ equity was 8.5% against 4.7% a year ago. Net assets per share were JPY 742.64 against JPY 681.53 a year ago. Cash flows from operating activities were JPY 107,054 million against JPY 67,081 million a year ago. Profit before income taxes was JPY 20,352 million against JPY 9,755 million a year ago. Purchase of non-current assets was JPY 152,696 million against JPY 147,513 million a year ago.

For the year, on non-consolidated basis, the company reported operating revenue of JPY 703,189 million against JPY 677,141 million a year ago. Operating profit was JPY 27,349 million against JPY 20,258 million a year ago. Ordinary profit was JPY 13,202 million against JPY 5,838 million a year ago. Profit was JPY 13,110 million against JPY 5,150 million a year ago. Basic earnings per share were JPY 55.10 against JPY 16.37 a year ago. Net assets per share were JPY 590.85 against JPY 545.45 a year ago.

Hokkaido Electric Power Co. Inc. reported consolidated earnings and production results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 520,526 million compared to JPY 505,710 million a year ago. Operating income was JPY 14,911 million compared to JPY 20,288 million a year ago. Ordinary income was JPY 4,310 million compared to JPY 8,965 million a year ago. Profit before income taxes was JPY 5,561 million compared to JPY 6,086 million a year ago. Profit attributable to owners of the parent was JPY 3,590 million compared to JPY 4,533 million a year ago. Net earnings per share were JPY 10.92 compared to JPY 15.51 a year ago.

The company provided consolidated and non-consolidated earnings guidance for the full year ending March 31, 2018. For the year, on consolidated basis, the company expects operating revenue of JPY 728,000 million, operating profit of JPY 28,000 million, ordinary profit of JPY 14,000 million and profit attributable to owners of parent of JPY 12,000 million or JPY 49.70 per share.

For the year, on non-consolidated basis, the company expects operating revenue of JPY 698,000 million, operating profit of JPY 22,000 million, ordinary profit of JPY 8,000 million and profit attributable to owners of parent of JPY 9,000 million or JPY 35.10 per share.

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